Senior Portfolio Manager- Product Mgmt Actuary

Swiss Re - Schweizerische Rückversicherungs-Gesellschaft; Virginia (MN); Remote; USD 139,000 - 244,000; Full time

Job summary

A leading reinsurance company seeks professionals skilled in financial portfolios to manage VA/GMDB. The role involves evaluating models, analyzing data, and ensuring compliance with regulations. Ideal candidates will have a solid background in financial modelling and a strong grasp of financial markets. Join a diverse team focused on sustainability and innovation at Swiss Re.

Qualifications

• 5+ years of experience in relevant fields.
• Strong background in financial modelling and actuarial sciences.
• Interest in life insurance business concepts.

Responsibilities

• Manage VA/GMDB portfolios.
• Develop and maintain stochastic models for valuation.
• Collaborate across teams to improve financial risk management.

Skills

Quantitative technical abilities

Data analytics

Scripting and analytical languages

Curious mind

KPI focused

Education

Mathematical/Computer Science/Financial Modelling/Actuarial Sciences/Finance

Tools

Python

R

C++

C

Moses

Prophet

AXIS

Job description

Locations:Miami, FL, US |Alpharetta, GA, US |Fort Wayne, IN, US |Armonk, NY, US |Kansas City, MO, US |Chicago, IL, US |New York, NY, US

Are you savvy with financial portfolios and excited about testing for and preventing potential risk and volatility factors? Put your technical skills to work in the daily tasks and ad-hoc projects related to optimizing management of VA/GMDB in-force portfolios and compliance with updated regulations and requirements. This position is open to teleworking.

About the Job

• Management of the VA/GMDB in-force, Financial Market Transformation (FMT), & Remote Risk Transactions (RRT) portfolios
• Develop, enhance and maintain stochastic models for valuation and pricing of Variable Annuity (VA) riders and their financial market exposures, under both Economic Value Management (EVM) and International Financial Reporting Standards (IFRS) frameworks (use of scripting languages for payoff representations, capital calculations etc)
• Analyze biometric experience and propose assumption update for review and approval by Risk Management
• Present material for Quarterly FSG/BRC approvals on transaction level experience.
• Perform regular and ad-hoc investigations into existing processes and data (such as policy data, Profit & Loss attribution, reserving and capital calculations etc.)
• Collaborate and consult with other groups in L&H and across the wider Swiss Re Group (LHSS, Client Markets, Finance, Risk, etc.) with a view to continually improve our ability to manage the financial and biometric exposures of the portfolio.
• Support on-boarding of new transactions
• Support standardizing and productionizing of transactions reporting for valuation, accounting, statutory, risk management and hedging purposes

About the Team

Major relationships include

• L&H Structured Solutions
• Finance
• Treasury
• Asset Management

About You

• Mathematical/ Computer Science / Financial modelling / Actuarial Sciences / Finance academic background
• Understanding or interest in life insurance business concepts. 5+ years of experience
• Experience with scripting and analytical languages e.g. Python, R, C++, C, Moses, Prophet, AXIS
• Quantitative technical abilities. Practical experience using a range of tools to perform data analytics
• Curious mind interested in investigating the underlying drivers and patterns,
• Working level financial markets knowledge, collaboration with Treasury etc
• Performance minded – drive to grow new business, KPI focused

The estimated base salary range for this position is $139,000 to $244,000. The specific salary offered for this, or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget. At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.

About Swiss Re

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

Start your career journey with Swiss Re.